4,964 Shares in Carrier Global Corporation $CARR Purchased by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Carrier Global Corporation, purchasing 4,964 shares valued at approximately $315,000.
• Carrier Global's stock has recently received mixed ratings from analysts, with ten rating it as a Buy and seven as a Hold, while the average price target stands at $84.47.
• The company reported a quarterly earnings per share (EPS) of $0.92, exceeding analyst estimates of $0.90, and has set its FY 2025 guidance at 3.000-3.100 EPS.

Perbak Capital Partners LLP purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,964 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. JPMorgan Chase & Co. lifted its holdings in shares of Carrier Global by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock valued at $1,973,444,000 after purchasing an additional 4,668,929 shares in the last quarter. Nuveen LLC purchased a new stake in Carrier Global in the 1st quarter valued at $649,512,000. Brown Advisory Inc. lifted its stake in Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after acquiring an additional 4,377,402 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Carrier Global by 15.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company's stock worth $473,046,000 after acquiring an additional 936,892 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Carrier Global by 2.1% in the 1st quarter. Invesco Ltd. now owns 5,165,203 shares of the company's stock worth $327,474,000 after acquiring an additional 108,055 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a research report on Tuesday, July 1st. Morgan Stanley decreased their price objective on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Barclays cut their target price on Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Finally, Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Friday, May 9th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.47.

Carrier Global Price Performance

Carrier Global stock opened at $63.33 on Wednesday. The business's 50 day simple moving average is $71.08 and its 200 day simple moving average is $68.25. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a market cap of $53.90 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.79 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.4%. Carrier Global's dividend payout ratio is 19.61%.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.20% of the stock is owned by corporate insiders.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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